COMPUTER AIDED SIMULATION OF INVENTORY CONTROL PROCESS
Abstract: Inventory control has become a tricky logistical process, especially due to prevailing randomness of decision variables such as demand quantity and structure or lead time. Hence, to be able to give an optimal or reasonable answer to the vital questions: what, how much and when to order, it is inevitable to use sophisticated quantitative models. The paper aims at presenting computer based simulation, as an effective and relatively easy to implement tool aiding inventory control decisions. Additionally rather simplistic Monte Carlo simulation performed by the means of Crystal Ball software has been demonstrated.
Keywords: computer aided simulation, inventory control, statistical parameters, Monte Carlo analysis, Crystal Ball software
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|| Rodawski, Bartłomiej. "COMPUTER AIDED SIMULATION OF INVENTORY CONTROL PROCESS." Logforum 1.3 (2005): 3.
||Bartłomiej Rodawski (2005). COMPUTER AIDED SIMULATION OF INVENTORY CONTROL PROCESS. Logforum 1 (3), 3.
|| RODAWSKI, Bartłomiej. COMPUTER AIDED SIMULATION OF INVENTORY CONTROL PROCESS. Logforum, 2005, 1.3: 3.